ADSKMEDIUM SIGNALOPPORTUNITY10-K

ADSK delivered strong financial performance with 17.5% revenue growth to $7.2B and significantly accelerated share buybacks to $1.4B.

The robust operating cash flow growth of 52.6% to $2.5B demonstrates strong cash generation capabilities and business momentum. Management's confidence is evident in the 64.6% increase in share buybacks to $1.4B, suggesting they view the stock as undervalued and have excess capital for shareholder returns.

Comparing 2026-03-03 vs 2025-03-06View on EDGAR →
FINANCIAL ANALYSIS

ADSK showed broad-based financial strength with revenue growing 17.5% to $7.2B and operating cash flow surging 52.6% to $2.5B, indicating healthy business fundamentals and improving operational efficiency. The balance sheet strengthened significantly with cash increasing 40.7% to $2.2B and current assets up 41.9% to $4.9B, while stockholders' equity grew a solid 16.2% to $3.0B. The dramatic 64.6% increase in share buybacks to $1.4B, combined with strong profitability metrics, signals management confidence and effective capital allocation that should benefit shareholders.

FINANCIAL STATEMENT CHANGES
Share Buybacks
Cash Flow
+64.6%
$852.0M→$1.4B

Share repurchases increased 64.6% — management returning capital, signals confidence in intrinsic value.

Operating Cash Flow
Cash Flow
+52.6%
$1.6B→$2.5B

Operating cash flow surged 52.6% — exceptional cash generation, highest quality earnings signal.

Accounts Receivable
Balance Sheet
+42.8%
$1.0B→$1.4B

Receivables surged 42.8% — revenue recognized but not yet collected; watch for collection issues or channel stuffing.

Current Assets
Balance Sheet
+41.9%
$3.5B→$4.9B

Current assets grew 41.9% — improving short-term liquidity or inventory/receivables build.

Cash & Equivalents
Balance Sheet
+40.7%
$1.6B→$2.2B

Cash position surged 40.7% — strong cash generation or capital raise providing significant financial cushion.

Gross Profit
P&L
+18.1%
$5.6B→$6.6B

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Revenue
P&L
+17.5%
$6.1B→$7.2B

Revenue growing 17.5% — solid top-line momentum, watch margins for quality of growth.

Operating Income
P&L
+16.5%
$1.4B→$1.6B

Operating income improving — cost discipline or growing revenue base absorbing fixed costs.

Stockholders Equity
Balance Sheet
+16.2%
$2.6B→$3.0B

Equity base grew 16.2% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Total Assets
Balance Sheet
+15.1%
$10.8B→$12.5B

Asset base grew 15.1% — expansion through organic growth, acquisitions, or capital deployment.

LANGUAGE CHANGES
NEW — 2026-03-03
PRIOR — 2025-03-06
ADDED
As of February 23, 2026, the registrant had outstanding 211 million shares of common stock.
The Proxy Statement will be filed within 120 days of the registrant s fiscal year ended January 31, 2026.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 107 Item 9A.
AutoCAD Civil 3D AutoCAD Civil 3D solution provides a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
Autodesk Build delivers field critical project information and collaboration from Autodesk Build to the jobsite.
As part of Autodesk Construction Cloud (now known as Forma for Construction), Build connects data originating in design and preconstruction to the construction and operations phase, allowing users to identify, manage and de-risk project decisions.
AutoCAD LT AutoCAD LT software is purpose built for professional drafting and detailing.
3ds Max 3ds Max software provides 3D modeling, animation, and rendering solutions that enable game developers, design visualization professionals, and visual effects artists to digitally create realistic images, animations, and complex scenes and to digitally communicate abstract or complex mechanical, architectural, engineering, and construction concepts.
We expect our indirect channel will continue to transact and support a considerable portion of our customers, particularly in emerging regions and with governments.
We have a network of approximately 1,170 resellers and distributors worldwide.
REMOVED
As of February 28, 2025, the registrant had outstanding 213 million shares of common stock.
The Proxy Statement will be filed within 120 days of the registrant s fiscal year ended January 31, 2025 .
Changes in and Disagreements w ith Accountants on Accounting and Financial Disclosure 112 Item 9A.
Autodesk Build Autodesk Build delivers a connected set of project management and collaboration tools for the construction industry.
The PlanGrid Build mobile app delivers field critical project information and collaboration from Autodesk Build to the jobsite.
As part of Autodesk Construction Cloud, Build connects data originating in design and preconstruction to the construction and operations phase, allowing users to identify, manage and de-risk project decisions.
Inventor Inventor enables manufacturers to go beyond 3D design to digital prototyping by giving engineers a comprehensive and flexible set of tools for 3D mechanical design, simulation, analysis, tooling, visualization, and documentation.
Subscription plan offerings are designed to give our customers increased flexibility with how they use our products and service offerings and to attract a broader range of customers such as project-based users and small businesses.
We introduced the new transaction model for our token-based Flex offering in North America, and certain countries in EMEA, and APAC during fiscal 2023 and 2024.
Most of our subscription offerings transitioned to the new transaction model in Australia during fiscal 2024.
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